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Stock-Based Compensation
 9 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
Stock Options
Changes in our stock options for the nine months ended March 31, 2021 were as follows:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Life (years)Aggregate Intrinsic value (in thousands)
Options outstanding, June 30, 2020646,959 $33.60 
Exercised(252,658)26.06 
Lapsed or forfeited(32,514)42.70   
Options outstanding, March 31, 2021361,787 $38.04 2.5$1,317 
Options vested, March 31, 2021361,787 $38.04 2.5$1,317 
Options exercisable, March 31, 2021361,787 $38.04 2.5$1,317 
As of March 31, 2021 and June 30, 2020, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested as of March 31, 2021 and 2020.
The amount of cash received from the exercise of options during the nine months ended March 31, 2021 and 2020 was $5.6 million and $0.7 million, respectively. The total intrinsic value of options exercised was $2.2 million and $0.3 million during the nine months ended March 31, 2021 and 2020, respectively.
Restricted Stock Units – Performance Vesting and Time Vesting
Changes in our performance vesting and time vesting restricted stock units for the nine months ended March 31, 2021 were as follows:
Performance Vesting Stock UnitsPerformance Vesting Weighted Average Fair ValueTime Vesting Stock UnitsTime Vesting Weighted Average Fair Value
Unvested, June 30, 2020
554,633 $34.26 1,039,695 $32.48 
Granted220,876 33.49 922,460 31.86 
Vested(77,284)47.47 (476,704)33.99 
Performance metric adjustments, net(100,000)32.92 — — 
Other adjustments(4,565)30.26 — — 
Forfeited(90,714)32.36 (128,647)31.39 
Unvested, March 31, 2021502,946 $32.54 1,356,804 $31.64 
During the nine months ended March 31, 2021 and 2020, compensation expense related to time vesting and performance vesting restricted stock units was $18.7 million and $13.7 million, respectively. Certain performance metrics related to fiscal 2020 were not met, resulting in an adjustment of 100,000 performance vesting stock units during the nine months ended March 31, 2021. As of March 31, 2021, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $28.8 million and is expected to be recognized over a weighted average period of 2.0 years.